General Electric Company (NYSE:GE) went up by 3.35% from its latest closing price compared to the recent 1-year high of $12.94. The company’s stock price has collected 4.89% of gains in the last five trading sessions. Barron’s reported 15 hours ago that A Giant Fund Bought EV Stocks NIO and Tesla, and Intel. Here’s What It Sold.
Is It Worth Investing in General Electric Company (NYSE :GE) Right Now?
General Electric Company (NYSE:GE) scored a price-to-earnings ratio above its average ratio, recording 20.10 x from its present earnings ratio. Plus, the 36-month beta value for GE is at 1.11. Opinions of the stock are interesting as 14 analysts out of 21 who provided ratings for General Electric Company declared the stock was a “buy,” while 0 rated the stock as “overweight,” 7 rated it as “hold,” and 0 as “sell.”
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The average price from analysts is $12.59, which is $0.22 above the current price. GE currently public float of 8.75B and currently shorts hold a 1.03% ratio of that float. Today, the average trading volume of GE was 80.22M shares.
GE’s Market Performance
GE stocks went up by 4.89% for the week, with a monthly jump of 5.53% and a quarterly performance of 24.17%, while its annual performance rate touched -4.07%. The volatility ratio for the week stands at 2.50% while the volatility levels for the past 30 days are set at 3.42% for General Electric Company. The simple moving average for the period of the last 20 days is 5.98% for GE stocks with a simple moving average of 47.74% for the last 200 days.
Analysts’ Opinion of GE
Many brokerage firms have already submitted their reports for GE stocks, with DZ Bank repeating the rating for GE by listing it as a “Hold.” The predicted price for GE in the upcoming period, according to DZ Bank is $11 based on the research report published on December 16th of the previous year 2020.
Oppenheimer, on the other hand, stated in their research note that they expect to see GE reach a price target of $12. The rating they have provided for GE stocks is “Outperform” according to the report published on November 24th, 2020.
Goldman gave a rating of “Buy” to GE, setting the target price at $10 in the report published on October 09th of the previous year.
GE Trading at 7.61% from the 50-Day Moving Average
After a stumble in the market that brought GE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.11% of loss for the given period.
Volatility was left at 3.42%, however, over the last 30 days, the volatility rate increased by 2.50%, as shares surge +8.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.68% upper at present.
During the last 5 trading sessions, GE rose by +4.89%, which changed the moving average for the period of 200-days by +93.87% in comparison to the 20-day moving average, which settled at $11.39. In addition, General Electric Company saw 11.30% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at GE starting from GARDEN EDWARD P, who sale 11,586,206 shares at the price of $6.22 back on Aug 05. After this action, GARDEN EDWARD P now owns 32,131,316 shares of General Electric Company, valued at $72,068,519 using the latest closing price.
GARDEN EDWARD P, the Director of General Electric Company, sale 10,761,857 shares at $6.16 during a trade that took place back on Aug 04, which means that GARDEN EDWARD P is holding 43,717,522 shares at $66,261,830 based on the most recent closing price.
Stock Fundamentals for GE
Current profitability levels for the company are sitting at:
- +3.83 for the present operating margin
- +25.04 for the gross margin
The net margin for General Electric Company stands at +7.09. The total capital return value is set at 2.55, while invested capital returns managed to touch 5.43. Equity return is now at value 14.70, with 2.00 for asset returns.
Based on General Electric Company (GE), the company’s capital structure generated 220.58 points at debt to equity in total, while total debt to capital is 68.81. Total debt to assets is 30.75, with long-term debt to equity ratio resting at 207.17. Finally, the long-term debt to capital ratio is 64.61.
When we switch over and look at the enterprise to sales, we see a ratio of 1.64, with the company’s debt to enterprise value settled at 0.60. The receivables turnover for the company is 2.95 and the total asset turnover is 0.30. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.58.